NIFTY SPOT LEVEL: 22ND MAY 2012
Today trading is expected between the broad levels of 4860-4955. If the market breaches the level of 4925 on the upper side then the next resistance level will be 4955. But if nifty breaches the support level of 4880 then it may go down till the level of 4860.
Support 1: 4880
Support 2: 4860
Resistance 1: 4925
Resistance 2: 4955
BANK NIFTY FUTURES: 22ND MAY 2012
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9220-9575. Bank nifty futures can go down till the level of 9220 once it breaks the level of 9315. On the opposite side once breaking the level of 9500, it is expected to go upward till the level of 9575. Bank nifty will be trading between the narrow ranges of 9315-9500.
Support 1: 9315
Support 2: 9220
Resistance 1: 9500
Resistance 2: 9575
STOCK MARKET ANALYSIS: 21ST MAY 2012
The SENSEX closed 30 points up at 16,183 and the NIFTY stood at 4906, up by 15 points.
BSE Small-Cap index was up 0.99% while the BSE Mid-Cap index finished 0.41% up.CNX MIDCAP 50 index was up 0.52% and S&P CNX 500 was up around 0.40%.
Today's nifty top gainer were
- TATAPOWER changed 4.73% with 30, 84,833 volumes.
- BANKBARODA changed 3.92% with 8, 14,781 volumes.
- RELINFRA changed 3.37% with 22, 96,422 volumes.
Today's nifty top losers were:
- WIPRO with volume 10, 75,410 and changed -2.62%.
- ITC with volume 5, 97,095 and changed -2.09%.
- INFY with volume 9, 14,515 and changed -1.50%
STOCK MARKET TRADING TIPS : 22ND MAY 2012
BUY SHALIMAR PAINT ABOVE 582
First Target 586
Second Target 595
Stop Loss 575
BUY ASIAN PAINT FUTURES ABOVE 3786
First Target 3800
Second Target 3820
Stop Loss 3766
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